OFS Credit Company, Inc. Announces New Preferred Stock Offering
OFS Credit Company, Inc. (Nasdaq: OCCI) has officially shared its plans to launch an offering of Series F Term Preferred Stock to the public. The actual offering price and specifics will be established through negotiations between the Company and its underwriters. This move aims to enhance the Company's capital structure, and they have applied for the preferred stock to be listed on the Nasdaq Capital Market under the ticker symbol "OCCIM." Trading is expected to begin shortly after the issuance date.
Why This Offering Matters and How Funds Will Be Used
The funds generated from this offering will be directed toward strategic investments that align with the Company's overall investment goals. This initiative is a significant step for OFS Credit as it works to bolster its portfolio and generate income for its stakeholders.
Joint Bookrunners for the Offering
In its undertaking, the Company has partnered with respected names in the financial sector. Lucid Capital Markets, LLC, B. Riley Securities, Inc., Janney Montgomery Scott LLC, and InspereX LLC will act as joint bookrunners. Additionally, Ladenburg Thalmann & Co. Inc. will assist as a co-manager, contributing their expertise to the offering process. This collaboration indicates a solid plan for managing the preferred stock issuance.
Things for Investors to Consider
Before making any investment decisions, potential investors should carefully evaluate the investment objectives, associated risks, and various costs related to purchasing shares in the Company. It is crucial for investors to review vital information, including a preliminary prospectus supplement, which has been filed with the Securities and Exchange Commission (SEC).
Compliance and Securities Registration
This offering is being conducted in full adherence to all applicable regulations. OFS Credit Company has made sure that a shelf registration statement regarding these securities is effectively active with the SEC, laying the groundwork for transparency and compliance. More information, including a prospectus and other related documents, will be accessible from the participating investment banks when available.
About OFS Credit Company, Inc.
OFS Credit Company, Inc. functions as a non-diversified, externally managed closed-end management investment company. Its main goal is to produce current income while also pursuing capital appreciation. The Company primarily focuses its investments on collateralized loan obligations, as well as various equity and debt securities. The management of these investment activities is overseen by OFS Capital Management, LLC, which is registered under the Investment Advisers Act of 1940 and is headquartered in Chicago, with additional offices in New York and Los Angeles.
Frequently Asked Questions
What is the purpose of OFS Credit Company, Inc.'s stock offering?
The stock offering aims to raise funds for strategic investments that align with the Company's investment goals.
Who are the joint bookrunners involved in the offering?
The joint bookrunners for the offering are Lucid Capital Markets, LLC, B. Riley Securities, Inc., Janney Montgomery Scott LLC, and InspereX LLC.
What is OFS Credit Company's investment strategy?
OFS Credit Company focuses on generating current income while also seeking capital appreciation through investments in collateralized loan obligations and related securities.
How will the offering comply with regulations?
The Company has filed a shelf registration statement with the SEC to ensure complete compliance with regulatory requirements for the offering.
Where can I find more information regarding this preferred stock offering?
Additional information will be available in the preliminary prospectus supplement and related documents filed with the SEC, accessible through participating investment banks.
